The Sport Guys

Bob Rhodes, age 32, is well known in his local sports activity. Ten years ago, he started business called The Sports Guy and raised capital from obtaining a bank loan and an equity investment from friends and family. His family and friends own 40% of the business while he owns the rest. Mortgage help him purchasing land in small town outside of GTA that consists of two lots on a corner in which one is used to build a store, and another one was planned for the parking lot but never executed the plan because of the surrounding activities. Local sports team account for 70% of the sales whereas 30% comes from regular walk-in customers.

Problem Statement & Objectives
The major problem is reducing profitability of the business and there is no proper management of the inventory, which leads to sale of inventory at discount rate. Also labor wages are also too high and reducing creditability of business lead to reduce in the trust of the business and loss of the customer due to improper inventory management.
The objective is to get access to bank credit to finance high Analysis the financial health of the business and recommend the various way to get the business right on track

Situation Analysis
Summary
The company sell retail sports product to the sport team and children’s. Also there is around 30% of walk-in customer, who help the business to manage inventory. This might not be attractive industry because buyer’s and potential entrants have high power in the market. Company strength out weight the weakness and opportunity and threats are evenly balanced. Porter’s Five Powers
Buyer’s Power
Buyers are 1. Local sports team 2. Charity and non profit organization 3. Schools 4. Walk-in individual customer

* The largest customers of “The Sport Guy “is a hockey and baseball team associated with city and region…...

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1. CASE SYNOPSIS
The Sports Guy is a small sporting goods store located in a small town in the Greater Toronto Area and owned by Bob Rhodes (“Rocky”). Ten years back Rocky decided to start his own sporting goods business, of which he owns 60% and family members and friends 40%. Rocky purchased a land in town, with his startup capital and mortgage loan. Nearly 70% of the sales consist of equipment and uniforms bought by the local teams and the other 30% is consisting of wide range of sports and recreational merchandise. Its main competitor in town is the Canadian Tire store and Sports Guy’s sales have not been growing much in the recent years. Rocky lacks the ability to manage his inventory and his declining inventory turnover is increasing his debt. Rocky wants his business to grow but to do so he needs to access bank credit to finance higher inventories and future expansions.
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The main problem for Rocky is to improve Sports Guy’s profitability.
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...THE SPORTS GUY
The Sports Guy is an independent sporting goods store located in a small town outside the Greater Toronto Area. About half the town's population lives in the older section of town; the other half consists mostly of younger families living in recently built subdivisions to the south of town. Nearly all of the residents of these subdivisions commute daily to their work in the Greater Toronto Area. The housing developer has placed before the Ontario Municipal Board proposals for considerably more housing development over the next ten years.
The Sports Guy is owned by Bob ("Rocky") Rhodes, age 32, who has for many years been a high-profile personality in the local sports community. Following in his father's footsteps, Rocky was a star player for the local high school football team and the town's Junior "C" hockey team that won the town's first (and only) provincial championship in 1998. He still plays for the town's Intermediate hockey team, which has a considerable following among the longer-term residents of the town. Rocky's life centres around sports -- he attends most sporting events in town, supports and participates in team and league fund-raising activities and is well-known to practically everyone involved in the local sports community.
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The Sports Guy is an independent sporting goods store located in a small town outside the Greater Toronto Area. About half the town's population lives in the older section of town; the other half consists mostly of younger families living in recently built subdivisions to the south of town. Nearly all of the residents of these subdivisions commute daily to their work in the Greater Toronto Area. The housing developer has placed before the Ontario Municipal Board proposals for considerably more housing development over the next ten years.
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...Key Events / Case synopsis
The Sports Guy is an independent sporting goods store located in a small town outside the greater Toronto Area. The store is owned by Bob (“Rocky”) Rhodes, age 32 who has for many years been a high-profile personality in the local sports community. Ten years ago, Rocky decided to go into the sporting goods business for himself. Family members and friends provided some equity capital and the new business was incorporated, with Rocky owning 60% of the shares and his family members and friends 40%. The land package that Rocky bought consisted of two lots on a corner, the store was built on one lot; the other remained vacant. After 2004, the town grew and the area around Rocky's store became built up into a quite prosperous neighborhood. Strip malls developed, and The Sports Guy is now located in a busy commercial area.
Problem Statement and Objectives
Problem Statement
The sales growth of the store is relatively slow and at the same time the level of debt is rising so are the inventory, Rocky is not sure what to do and is looking for suggestions as to how he can improve the financial performance of the business.
Objectives
The main objective is to improve the financial performance of the business by increasing the amount of successful sales, which will lead to solid profits. The store also needs to implement more sophisticated purchasing techniques and a computerized inventory control system to increase the inventory turnover rate, thus......

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The Sports Guy is an independent sporting goods store located in a small town outside the Greater Toronto Area. About half the town's population lives in the older section of town; the other half consists mostly of younger families living in recently built subdivisions to the south of town. Nearly all of the residents of these subdivisions commute daily to their work in the Greater Toronto Area. The housing developer has placed before the Ontario Municipal Board proposals for considerably more housing development over the next ten years.
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...SPORTS GUY
Key Events / Case synopsis
- Maximum of six (6) sentences here. Provide a brief history of the company up to the time of the decision / problem.
The Sports Guy is an independent sporting goods store located in a small town outside the Greater Toronto Area. The Sports Guy is owned by Bob ("Rocky") Rhodes, age 32, who has for many years been a high-profile personality in the local sports community. The purchase of the land and construction of the store was financed in part by a $183,500 mortgage. Last year, the payments on the mortgage totalled about $18,400, of which approximately $8,000 was interest and $10,400 was principal. About 70% of The Sports Guy's sales consist of equipment and uniforms bought by local teams. About 30% of The Sports Guy's sales consist of regular ("walk-in") retail trade that consists of a wide range of sports and recreational merchandise.
Problem Statement and Objectives
- Be clear what the problem is. Sometimes it is a specific decision to be made, most of the time it is a larger issue. This means that the problem statement will rarely, if ever, be, “Should decider do A or B”
- Note the objectives of the key character. If secondary characters have objectives that might have an impact on the recommendation, note these here.
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...-------------------------------------------------
The Sports guy
Key Events / Case Synopsis
The Sports Guy is an independent sporting goods store operating outside the GTA owned by Bob “Rocky” Rhodes who is a considerably high profile personality in the local sports community. He has been a star player on local teams his whole life and has always made it a priority to show support for all things related to his sports community. Most of The Sports Guy’s sales consist of equipment and uniforms to local teams. Around 70% of their sales are made up by purchases from hockey, baseball, football, soccer teams with the remaining 30% made up from walk-in retail trade. Rocky has problems with inventory management, low ratio of sales by walk in customers and his major source of sales for teams declining due to lack of registration in local teams. Despite being located in a prosperous neighborhood with little competition except a small, older Canadian tire that offers low prices but lacks in quality and customer service, The Sports Guy is having financial troubles.
Problem Statement and Objectives
The Sports Guy’s profitability has not been growing sufficiently enough to provide Rocky with the means to grow his company as the town develops. A lack of inventory system which affects his most profitable sales group: walk-ins has also increased his short term debt and interest expenses which all eat away at the already tight profit margins. Decline of popularity for kids’......

...The Sports Guy
Case Study
Case Synopsis
The case is about The Sports Guy which is an independent sporting goods store owned by Bob “Rocky” Rhodes; his business is in the retail sporting goods industry. The store is located in the south part of a small town which is just outside the Greater Toronto Area. The town has been growing rapidly for the last few years and the area around the store has become a prosperous neighbourhood, making their location a busy commercial area. The Sports Guy store sells sports related clothing and equipment. About 70% of their sales consist of equipment and uniforms bought by local teams, and 30% of sales consist of regular (walk-in) retail trade. The store’s sales have increased over the years however; have not been growing much in recent years. In the last few years the sales to teams have mostly covered the business’ costs, while the “walk-in” trade has provided most of the profits. Many times Rocky has been left with out-of-season stock that had to be sold off at a loss. Rocky is concerned about the declining inventory turnover rate that is causing an increase in his short-term debt and interest expenses.
Problem Statement
Rocky wants his business to grow with the town, but to do so will require access to bank credit to finance higher inventories and future expansion. He will have to improve The Sports Guy’s profitability. How will Rocky improve the financial performance of his business when their net profit (after tax) has......